The stock of Ryder System, Inc. (NYSE:R) hit a new 52-week high and has $104.38 target or 37.00% above today’s $76.19 share price. The 6 months bullish chart indicates low risk for the $4.16B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $104.38 price target is reached, the company will be worth $1.54B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 530,836 shares traded hands. Ryder System, Inc. (NYSE:R) has risen 20.72% since April 7, 2016 and is uptrending. It has outperformed by 15.94% the S&P500.
Ryder System, Inc. (NYSE:R) Ratings Coverage
Out of 7 analysts covering Ryder System Inc. (NYSE:R), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Ryder System Inc. has been the topic of 14 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The firm earned “Top Pick” rating on Friday, October 23 by RBC Capital Markets. S&P Research maintained Ryder System, Inc. (NYSE:R) rating on Wednesday, October 14. S&P Research has “Buy” rating and $95 price target. The company was maintained on Tuesday, October 13 by RBC Capital Markets. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Wednesday, September 9. FBR Capital maintained the stock with “Outperform” rating in Tuesday, October 13 report. The firm has “Buy” rating given on Friday, September 30 by CLSA. Stifel Nicolaus maintained Ryder System, Inc. (NYSE:R) on Tuesday, October 13 with “Buy” rating. On Thursday, January 7 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, February 3. Raymond James upgraded the stock to “Strong Buy” rating in Friday, August 28 report.
According to Zacks Investment Research, “Ryder System, Inc. provides a continuum of leading-edge logistics, supply chain and transportation management solutions worldwide. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, lead logistics management services and e-Commerce solutions that support clients entire supply chains.”
Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.17, from 0.84 in 2016Q1. The ratio increased, as 33 funds sold all Ryder System, Inc. shares owned while 108 reduced positions. 50 funds bought stakes while 93 increased positions. They now own 48.50 million shares or 4.09% less from 50.56 million shares in 2016Q1.
Great West Life Assurance Can holds 116,738 shares or 0.03% of its portfolio. Global X Ltd Liability reported 12 shares or 0% of all its holdings. The Pennsylvania-based Millrace Asset Grp Incorporated has invested 2.54% in Ryder System, Inc. (NYSE:R). Janus Capital Mgmt Ltd Liability owns 4,700 shares or 0% of their US portfolio. Huntington Financial Bank reported 1,485 shares or 0% of all its holdings. Exxonmobil Inv Inc Tx last reported 13,901 shares in the company. Pacific Heights Asset Mngmt Llc reported 215,000 shares or 1.2% of all its holdings. United Services Automobile Association holds 0.02% or 78,595 shares in its portfolio. The Kansas-based Creative Planning has invested 0% in Ryder System, Inc. (NYSE:R). Oregon Employees Retirement Fund holds 0.02% or 13,509 shares in its portfolio. Buckingham Capital Mgmt last reported 0.97% of its portfolio in the stock. Monetta Fincl holds 7,000 shares or 0.27% of its portfolio. First National Bank Sioux Falls reported 150 shares or 0.03% of all its holdings. Bnp Paribas Arbitrage Sa holds 0.01% or 41,899 shares in its portfolio. Kcg Incorporated holds 30,709 shares or 0.04% of its portfolio.
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 2 insider sales for $2.62 million net activity. SANCHEZ ROBERT E also sold $2.56M worth of Ryder System, Inc. (NYSE:R) on Tuesday, May 24. $69,022 worth of Ryder System, Inc. (NYSE:R) was sold by JONES KAREN M. on Friday, October 28.
More recent Ryder System, Inc. (NYSE:R) news were published by: Profitconfidential.com which released: “Ryder System, Inc.: Facts Don’t Lie, R Stock Is About to Fly” on November 09, 2016. Also Businesswire.com published the news titled: “Ryder Sets Employee Giving Record for United Way” on November 03, 2016. Nasdaq.com‘s news article titled: “Earnings Reaction History: Ryder System, Inc., 57.1% Follow-Through Indicator …” with publication date: October 25, 2016 was also an interesting one.
R Company Profile
Ryder System, Inc., incorporated on March 22, 1955, is engaged in offering transportation and supply chain management solutions. The Firm operates through three divisions: Fleet Management Solutions (FMS), which provide full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to clients in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provide vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provide supply chain solutions, including distribution and transportation services in North America and Asia. Through its FMS business, the Company provides its clients with various fleet solutions. In addition, the Company provides its clients to purchase a selection of used trucks, tractors and trailers through its used vehicle sales program. The Company’s customer base includes enterprises operating in various industries, including automotive, industrial, food and beverage service, consumer packaged goods (CPG), transportation and warehousing, technology and healthcare, retail, consumer brands, housing, business and personal services, and paper and publishing.
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